DoorDash, Inc. Revenue in 2024

DoorDash, Inc. reported $10.7B in revenue for fiscal year 2024. This represents a growth of 23.9% compared to the 2023 figure of $8.6B.

DoorDash's revenue grew from $4.9 billion in 2021 to $6.6 billion in 2022 to $8.6 billion in 2023 to $10.7 billion in 2024. That 21% year-over-year growth in the most recent period, sustained at $10.7 billion in revenue, reflects both domestic market share gains and the Wolt acquisition's international contribution. The $1 billion net loss in 2024 against $10.7 billion in revenue reflects the unit economics of operating a three-sided marketplace at continental scale. The Dasher network — hundreds of thousands of independent contractors whose availability must match demand in real time — requires constant balancing through incentive payments. When supply is short, DoorDash pays surge premiums that compress per-order margins. When demand is soft, inactive Dashers reduce capacity costs but create service quality risks when demand recovers. Gross Order Value exceeding $86 billion is the metric that explains the company's strategy. Each GOV dollar generates commission revenue to DoorDash, advertising revenue from merchant promotion, and DashPass subscription revenue from customers who make DoorDash their primary ordering platform. Commission rates, advertising yields, and subscription penetration together determine what percentage of GOV flows to DoorDash as revenue — and what percentage of that revenue survives expenses to produce positive earnings. The $55 billion market capitalization at roughly 5x revenue and -$1 billion net income prices DoorDash as a high-growth platform business with eventual path to profitability rather than a current earnings story. That thesis requires demonstrating that the Dasher cost structure and merchant commission rates can both remain stable as the company scales — a hypothesis that labor regulations, competitor pressure, and merchant bargaining power are all testing simultaneously.